US ‘crypto capital’ claim tested by developer prosecutions
The Trump administration is celebrating the GENIUS Act and its pro‑crypto agenda, yet Tornado Cash and Samourai prosecutions fuel doubts that US developers are truly in the clear.
The White House praised President Donald Trump for making the United States the “crypto capital of the world,” and cast the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act as the catalyst in making the country the “global leader in cryptocurrency.”
In a recent post on X, an official communication added, “promises made, promises kept,” to Trump ending the Biden era “crusade to crush crypto.”
Moving beyond the rhetoric, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced a joint event on Thursday to discuss “harmonization between the two agencies and their efforts to deliver on President Trump’s promise.”